RMIT University - LAW2453: Taxation 1

LAW2453: Taxation 1 provides you with a sound understanding of the principles of taxation in relation to income tax for individuals and trading entities. The course considers the provisions of the Income Tax Assessment Acts of 1936 and 1997 and gives emphasis to the issues of assessable income and allowable deductions in respect of both the common law as well as statutory provisions. It also considers the Fringe Benefit Tax Assessment Act 1986 and the Goods and Services Tax Act 2000. The course also emphasises presentation and research skills combined with formulation of arguments based on legal principles. In these respects, the course plays a vital role in professional development of accountants and other professionals such as financial planners.

✔ Learning Outcomes:

• develop specialised knowledge and skills across a variety of taxes, including the fundamental principles of Australian income tax, capital gains tax, fringe benefits tax and goods and services tax;

• investigate and apply principles of taxation law for a variety of taxpayers, including individual and business entities;

• analyse, interpret and evaluate sources of taxation law, including legislation, case law and ATO guidance, to investigate and resolve a variety of tax problems;

• consolidate and synthesise specialised knowledge to generate and communicate professional judgement for variety of taxation issues.

COURSE CODE

COURSE NAME

ACCT1046

Accounting in Organisations and Society

ACCT1048

Financial Accountability and Reporting

ACCT1060

Managerial Advisory Finance

ACCT1064

Cost Analysis and Organisational Decisions

ACCT2033

Financial Accounting and Analysis

BAFI1002

Financial Markets and Institutions

BAFI1008

Corporate Finance

BAFI1018

International Finance

BAFI1026

Derivatives and Risk Management

BAFI1042

Equity Investment and Portfolio Management

BUSM4176

Introduction to Management

ECON1010

Macroeconomics 1

ECON1020

Prices and Markets

ECON1030

Business Statistics 1

ECON1048

Managerial and Business Economics

ECON1061

Forecasting and Quantitative Analysis

ECON1066

Basic Econometrics

LAW2442

Business Law

LAW2471

Taxation Law and Practice

MATH2204

Time Series and Forecasting

MKTG1025

Marketing Principles